GERON CORP WT 25 (GERNW) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GERNW SEC filings page.
This page shows GERON CORP WT 25 (GERNW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Development-stage spending remains the core mechanic: lower losses coexist with heavy R&D, elevated overhead, and persistent operating cash outflow.
In FY2025, operating cash outflow of$111.0M remained larger than the net loss of$83.5M , so reported earnings improvement did not fully translate into cash. That gap narrowed from FY2024 to FY2025, indicating better—but still incomplete—cash conversion.
Against reported revenue of
A current ratio of 4.7x indicates substantial current-asset capacity relative to near-term obligations, but total liabilities reached
Financial Health Signals
GERON CORP WT 25 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
GERON CORP WT 25 passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
GERON CORP WT 25 reported a net loss of $83.5M while operations used $111.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
GERON CORP WT 25 reported an operating loss of $68.6M against $32.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
GERON CORP WT 25 generated $51.8M in revenue in Q1 2026. This represents an increase of 30.9% from the same quarter a year earlier.
GERON CORP WT 25's EBITDA was $292K in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 101.8% from the same quarter a year earlier.
GERON CORP WT 25 reported -$3.6M in net income in Q1 2026. This represents an increase of 81.6% from the same quarter a year earlier.
Cash & Balance Sheet
GERON CORP WT 25 held $68.9M in cash against $119.8M in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Not reported for Q1 2026.
Margins & Returns
GERON CORP WT 25's operating margin was 0.3% in Q1 2026, reflecting core business profitability. This is up 42.5 percentage points from the same quarter a year earlier.
GERON CORP WT 25's net profit margin was -7.0% in Q1 2026, showing the share of revenue converted to profit. This is up 43.0 percentage points from the same quarter a year earlier.
GERON CORP WT 25's ROE was -1.6% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 5.8 percentage points from the same quarter a year earlier.
Not reported for Q1 2026.
Capital Allocation
GERON CORP WT 25 invested $15.0M in research and development in Q1 2026. This represents a decrease of 0.8% from the same quarter a year earlier.
Not reported for Q1 2026.
Not reported for Q1 2026.
GERNW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $51.8M+30.9% | N/A | $47.2M+67.1% | $49.0M+5459.6% | $39.6M+12927.3% | N/A | $28.3M+17138.4% | $882K+2941.4% |
| R&D Expenses | $15.0M-0.8% | N/A | $21.1M+4.6% | $21.7M-29.4% | $15.1M-48.7% | N/A | $20.2M-31.5% | $30.8M-13.3% |
| SG&A Expenses | $35.4M-11.5% | N/A | $39.0M+8.7% | $38.6M-2.2% | $40.0M+47.9% | N/A | $35.9M+95.5% | $39.4M+139.0% |
| Operating Income | $158K+100.9% | N/A | -$13.9M+50.8% | -$12.5M+82.0% | -$16.7M+70.2% | N/A | -$28.2M+40.7% | -$69.3M-33.5% |
| EBITDA | $292K+101.8% | N/A | N/A | N/A | -$16.6M+70.4% | N/A | N/A | N/A |
| Interest Expense | $7.1M-12.8% | N/A | $8.6M+183.8% | $8.5M+156.6% | $8.2M+138.9% | N/A | $3.0M+47.4% | $3.3M+65.7% |
| Net Income | -$3.6M+81.6% | N/A | -$18.4M+30.3% | -$16.4M+75.7% | -$19.8M+64.2% | N/A | -$26.4M+41.0% | -$67.4M-36.9% |
| EPS (Basic) | -$0.01+66.7% | N/A | -$0.03+25.0% | -$0.02+80.0% | -$0.03+66.7% | N/A | -$0.04+50.0% | -$0.10-11.1% |
| EPS (Diluted) | -$0.01 | N/A | -$0.03+25.0% | -$0.02+80.0% | -$0.03+66.7% | N/A | -$0.04+50.0% | -$0.10-11.1% |
| Diluted Shares (Avg) | 669,375 | N/A | 667M+0.7% | 666M+1.9% | 665,905-99.9% | N/A | 662M+14.3% | 654M+19.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Income Tax.
GERNW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $534.1M-5.0% | $570.5M-3.9% | $567.4M+27.5% | $555.2M+23.5% | $562.5M+16.7% | $593.8M+50.7% | $444.9M+7.7% | $449.4M+8.2% |
| Current Assets | $498.5M+0.6% | $520.3M+6.0% | $522.3M+31.2% | $505.6M+35.4% | $495.8M+9.8% | $491.0M+43.8% | $398.1M+18.8% | $373.3M-1.1% |
| Cash & Equivalents | $68.9M-17.7% | $77.6M-1.8% | $78.1M+29.5% | $77.7M-33.5% | $83.7M-55.9% | $79.0M+12.8% | $60.3M+96.5% | $116.9M+105.5% |
| Inventory | $133.3M+137.1% | $116.6M+201.3% | $95.4M+370.5% | $69.1M+8830.9% | $56.2M | $38.7M | $20.3M | $774K |
| Accounts Receivable | $41.9M+34.4% | $37.0M+2.9% | $35.4M+26.3% | $36.6M+4088.6% | $31.2M | $35.9M | $28.0M | $874K |
| Total Liabilities | $305.0M+3.7% | $344.7M+10.0% | $318.7M+108.7% | $295.7M+107.2% | $294.2M+114.4% | $313.5M+114.5% | $152.7M+24.7% | $142.7M+22.1% |
| Current Liabilities | $73.6M+16.7% | $111.5M+26.3% | $87.7M-36.4% | $64.3M-37.9% | $63.0M-48.8% | $88.3M-18.3% | $137.9M+54.3% | $103.5M+42.7% |
| Non-Current Liabilities | $231.4M+0.1% | $233.1M+3.5% | $231.0M+1467.7% | $231.4M+490.8% | $231.2M+1545.6% | $225.2M+491.6% | $14.7M-55.4% | $39.2M-11.6% |
| Long-Term Debt | $119.8M+0.9% | $119.5M+0.9% | $119.3M+871.6% | $119.0M+225.8% | $118.7M+958.3% | $118.5M+238.0% | $12.3M-58.9% | $36.5M-10.5% |
| Total Equity | $229.1M-14.6% | $225.9M-19.4% | $248.7M-14.9% | $259.5M-15.4% | $268.2M-22.2% | $280.3M+13.1% | $292.3M+0.6% | $306.7M+2.8% |
| Retained Earnings | -$1.9B-3.8% | -$1.9B-4.7% | -$1.8B-4.6% | -$1.8B-5.1% | -$1.8B-8.4% | -$1.8B-10.9% | -$1.7B-13.0% | -$1.7B-14.6% |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.
GERNW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$62.9M-31.1% | -$22.1M+49.8% | -$13.6M+77.0% | -$27.4M+48.7% | -$48.0M+22.9% | -$43.9M-7.3% | -$58.9M-15.9% | -$53.5M-80.7% |
| Depreciation & Amortization | $134K+2.3% | N/A | N/A | N/A | $131K+18.0% | N/A | N/A | N/A |
| Stock-Based Compensation | $4.9M-33.8% | N/A | $6.7M-2.1% | $6.7M-46.6% | $7.4M+52.2% | N/A | $6.9M-4.4% | $12.6M+220.0% |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | -$141K+120.3% | $0-100.0% | $206K+2.0% |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$44.1M-7.5% | -$58.9M-15.5% | -$53.7M-80.1% |
| Investing Cash Flow | $51.9M-1.1% | $21.1M+120.4% | $13.3M+2509.4% | $20.3M+156.2% | $52.4M+53.3% | -$103.5M-317.6% | -$554K+88.2% | -$36.1M+18.7% |
| Financing Cash Flow | $2.4M+847.3% | $378K-99.8% | $542K-84.9% | $1.1M-93.5% | $256K-99.8% | $166.2M+399.3% | $3.6M-87.8% | $16.8M-8.2% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
GERNW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 0.3%+42.5pp | N/A | -29.4%+70.4pp | -25.4% | -42.2% | N/A | -99.8% | -7860.9% |
| Net Margin | -7.0%+43.0pp | N/A | -39.0%+54.5pp | -33.4% | -50.1% | N/A | -93.5% | -7639.8% |
| Return on Equity | -1.6%+5.8pp | N/A | -7.4%+1.6pp | -6.3%+15.7pp | -7.4%+8.7pp | N/A | -9.0%+6.4pp | -22.0%-5.5pp |
| Return on Assets | -0.7%+2.8pp | N/A | -3.3%+2.7pp | -2.9%+12.0pp | -3.5%+8.0pp | N/A | -5.9%+4.9pp | -15.0%-3.1pp |
| Current Ratio | 6.78-1.1x | 4.66-0.9x | 5.96+3.1x | 7.87+4.3x | 7.87+4.2x | 5.56+2.4x | 2.89-0.9x | 3.61-1.6x |
| Debt-to-Equity | 0.52+0.1x | 0.53+0.1x | 0.48+0.4x | 0.46+0.3x | 0.44+0.4x | 0.42+0.3x | 0.04-0.1x | 0.120.0x |
| Asset Turnover | 0.100.0x | N/A | 0.080.0x | 0.09+0.1x | 0.07+0.1x | N/A | 0.06+0.1x | 0.000.0x |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -208.5% | -6086.6% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Where GERON CORP WT 25 Ranks
Frequently Asked Questions
Is GERON CORP WT 25 profitable?
No, GERON CORP WT 25 (GERNW) reported a net income of -$83.5M in fiscal year 2025.
What is GERON CORP WT 25's EBITDA?
GERON CORP WT 25 (GERNW) had EBITDA of -$68.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does GERON CORP WT 25 have?
As of fiscal year 2025, GERON CORP WT 25 (GERNW) had $77.6M in cash and equivalents against $119.5M in long-term debt.
What is GERON CORP WT 25's return on equity (ROE)?
GERON CORP WT 25 (GERNW) has a return on equity of -37.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is GERON CORP WT 25's operating cash flow?
GERON CORP WT 25 (GERNW) recorded an outflow of $111.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are GERON CORP WT 25's total assets?
GERON CORP WT 25 (GERNW) had $570.5M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does GERON CORP WT 25 spend on research and development?
GERON CORP WT 25 (GERNW) invested $71.4M in research and development during fiscal year 2025.
What is GERON CORP WT 25's current ratio?
GERON CORP WT 25 (GERNW) had a current ratio of 4.66 as of fiscal year 2025, which is generally considered healthy.
What is GERON CORP WT 25's debt-to-equity ratio?
GERON CORP WT 25 (GERNW) had a debt-to-equity ratio of 0.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is GERON CORP WT 25's return on assets (ROA)?
GERON CORP WT 25 (GERNW) had a return on assets of -14.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is GERON CORP WT 25's Piotroski F-Score?
GERON CORP WT 25 (GERNW) has a Piotroski F-Score of 1 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are GERON CORP WT 25's earnings high quality?
GERON CORP WT 25 (GERNW) reported a net loss of $83.5M while operations used $111.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can GERON CORP WT 25 cover its interest payments?
GERON CORP WT 25 (GERNW) reported an operating loss of $68.6M against $32.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.